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Welcome back, thanks for joining us. In today’s headlines: Trump raises expectations for an Iran deal; El Nino has formed in the Pacific and could set records, forecasters say; and Elon Musk’s SpaceX makes its Wall Street debut. Plus, the U.S. team’s first World Cup match and much more about the tournament.
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Commerce Secretary Howard Lutnick speaks alongside President Donald Trump in the Oval Office of the White House, Thursday, in Washington. (AP Photo/Jacquelyn Martin)
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Trump is raising expectations that this time he really will close a deal with Iran to wind down war
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President Donald Trump announced Thursday that the U.S. and Iran could come to terms this weekend on an agreement that would set the pathway to end the 3-month-old war. Read more.
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- Trump has said on several occasions in recent weeks that he's on the cusp of a deal without anything coming to fruition. Still, Trump is claiming this time might be different. The breakthrough comes after he threatened to escalate the conflict with more intense bombardment of Iran and by seizing control of Iran’s oil industry, including capturing Iran’s vital Kharg Island oil facility.
Trump told reporters that he believed the Iranian supreme leader, Ayatollah Mojtaba Khamenei, is ready to sign off on the deal. A spokesperson for Iran’s Foreign Ministry told state television following Trump’s comments that mediators were active but nothing had been finalized to end the conflict.
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El Nino is here and scientists fear it’ll be big, bad and costly, with heat, floods, droughts, fires
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Meteorologists announced Thursday the El Nino has formed. It is a warming of the Pacific near the equator that affects weather patterns across the globe, and it’s expected to grow to historic strength. Read more.
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Meteorologists forecast it will rival — or exceed — a record El Nino that began in 1997 and helped trigger billions of dollars in damage from heat waves, floods, droughts, tornadoes and wildfires.
Several climate scientists forecast that 2027 will be the hottest year on record because of lagging effects of this El Nino, which is expected to peak in the fall or winter.
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Elon Musk’s SpaceX is about to make its debut on Wall Street
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Investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Elon Musk, already the world's richest man, could become its first trillionaire. Read more.
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SpaceX is likely to become the biggest IPO ever, with proceeds of around $75 billion. SpaceX hopes to become the first company to send people to Mars. In fact, part of Musk’s future compensation depends on SpaceX eventually establishing a colony of at least 1 million people on the red planet.
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Christian Pulisic follows the action during the first half against Senegal in an international friendly soccer match, May 31, in Charlotte, N.C. (AP Photo/Scott Kinser)
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That’s all from me today, thanks for reading. I’d love to hear your thoughts. You can invite a friend to subscribe here. For news in real time visit APNews.com. - Nadja
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